My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

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My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

No, she is in Real Estate to make a profit. The IRS would view this as a business. They could question the loss if it looks like there is an alternative motive for producing a loss.

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My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

No, she is in Real Estate to make a profit. The IRS would view this as a business. They could question the loss if it looks like there is an alternative motive for producing a loss.

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My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

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My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply?

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